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Issaquah Community Bank

Issaquah, WA · Cert 58620

FDIC

Q2 2011

$147.5MAssets
$113.2MLoans
$128.9MDeposits
$14.6MEquity
Loan mix
71%RE $56.9M28%C&I $22.0M1%Consumer $1.0MQ2 2010Q2 2011
Deposit mix
82%Interest-bearing $105.5M18%Noninterest $23.4MQ2 2010Q2 2011

NIM

5.38%Q2 ’094.57%Q2 ’104.85%Q2 ’11-10%+20%

Non-interest income vs. expense

4.91%Q2 ’094.34%Q2 ’104.71%Q2 ’11-5%+33%

Executive Summary

  • Earnings: ROA of -1.51%, down 72 bps year over year; NIM at 4.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.36%.
  • Funding: loans stand at 87.85% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-1.51%-72 bps YoY

Net Interest Margin (quarter, annualized)

4.02%+66 bps YoY

Efficiency Ratio (quarter, annualized)

147.51%+2,472 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-0.79%0.01%-0.91%0.22%-1.51%-72 bps
Return on Equity-8.40%0.13%-8.92%2.14%-14.86%-645 bps
Net Interest Margin3.35%3.71%3.90%4.06%4.02%+66 bps
Efficiency Ratio122.79%99.61%104.12%94.66%147.51%+2,472 bps
Non-Interest Burden4.16%3.70%4.07%3.84%5.53%+137 bps
Growth
Asset Growth (YoY)326%340%287%-14.28%-8.47%-33,419 bps
Loan Growth (YoY)333%310%309%-10.34%-6.17%-33,931 bps
Deposit Growth (YoY)354%359%292%-15.12%-8.68%-36,226 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%3.18%0.71%0.00%0.36%+9 bps
Allowance / Loans4.04%3.31%3.35%3.38%3.44%-60 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital14.45%14.70%14.52%14.69%14.81%+37 bps
Equity / Assets9.59%10.03%10.38%10.38%9.92%+34 bps
Liquidity & Funding
Loans / Deposits85.50%88.68%94.66%93.01%87.85%+235 bps
Liquid Assets / Assets19.60%19.08%15.61%15.60%18.41%-119 bps
CRE / Total Capitaln/an/an/an/an/an/an/a